Silver shines to new record

Silver hit a new record by rising Rs 950 to Rs 47,450 a kg on the bullion market on Friday, after it climbed to a 30-year high overseas. Gold also extended gains and jumped up by Rs 20 to Rs 20,720 per 10 gm. Market analysts said continued buying by jewellers and stockists in the spot market to meet the ongoing wedding season demand also influenced the prices.